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Japan Nikkei gains 0.2%

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Headline indices of the share market were tad higher after recouping initial losses on Wednesday, 10 October 2018, on the back of strength in defensive shares amid looming uncertainty over a slate of issues, including the intensifying Sino-US trade dispute and Italy's budget plans offset weakness in China-related firms. At closing bell, the 225-issue Nikkei index added 36.65 points, or 0.16%, at 23,506.04. The broader index of all First Section issues on the Stock Exchange rose 2.74 points, or 0.16%, to 1,763.86.

Shares of utility sector advanced on bargain hunting. Gas jumped 1.5% and gained 1.3%.

Shares of land transport sector inclined after it fell to a three-week low on Tuesday. West Railway Co gained 1.1% and Central Railway Co rallied 1.6%.

Shares of firms with large exposure to continued to slide. declined 1.0% and skidded 1.6%.

Index-heavyweight tumbled 3.5% after reports that the is in talks to take a majority stake in shared office space provider The investment could be between $15 billion and $20 billion and would likely come from

ECONOMIC NEWS: Japan Machine Orders Spike 6.8% On Month In August-- Japan total value of machine orders jumped a seasonally adjusted 6.8 percent on month in August, worth 981.5 billion yen, the said on Wednesday, following the 11.0 percent spike in July. On a yearly basis, machine orders jumped 12.6 percent after soaring 13.9 percent in the previous month.

CURRENCY NEWS: appreciated around the 113 yen line against greenback on Wednesday, on demand for safe haven currency amid looming uncertainty over a slate of issues, including the intensifying Sino-US trade dispute and Italy's budget plans.

The dollar was quoted at 113.04-05 yen compared with 112.91-113.01 yen in and 113.30-32 yen on Tuesday in The euro, meanwhile, fetched 130.03-07 yen against 129.77-87 yen in and 130.00-04 yen in Tuesday trade in Tokyo.

OFFSHORE MARKET NEWS, US stock market closed mixed on Tuesday, as investors worried about global growth prospects. The Dow Jones Industrial Average dipped 56.21 points or 0.2% to 26,430.57 and the edged down 4.09 points or 0.1% to 2,880.34. The tech-heavy Nasdaq inched up 2.07 points to 7,738.02

The major European markets ended higher on Tuesday. The German DAX Index and the French Index rose by 0.3% and 0.4%, respectively. The U. K.'s Index inched up by 0.1%.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 10 2018. 11:54 IST